Agreements between the EU and the USA on trade should lead to increased investment

© AP Photo / Virginia Mayo flags of the EU and the US. Archival photoAgreements between the EU and the USA on trade should lead to increased investment© AP Photo / Virginia Mayo

Trade agreement between the European Union and the United States made during the meeting of the head of the European Commission Jean-Claude Juncker and the President of the United States Donald trump, can lead to growth of investments, said in a joint statement the EU and US after this meeting.

The EU and US agreed to work towards zero tariffs, zero tariff barriers and zero subsidies on non-automotive industrial products. They also plan to work to reduce barriers and expand trade in services, chemical, pharmaceutical and medical products, and soybeans, said in a statement released by the European Commission.

«It will open markets for farmers and workers, will increase investments and lead to greater prosperity both in the USA and the EU. It will also make trade more fair,» — the document says.

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